An Options Workshop Together With Other Miscellany

I confess I accept ever flora it difficult to merchandise options. This is despite having read around of the "bibles" of options trading, including Lawrence McMillan's Options every bit a Strategic Investment and Euan Sinclair's Option Trading: Pricing as well as Volatility Strategies as well as Techniques. Partly that is because I prefer elementary strategies, as well as options strategies are rarely simple. Partly that is because I was brought upwards on stocks, merely stock options are depressingly illiquid. Most successful options traders that I know of prefer to merchandise index options instead, an expanse that I unfortunately accept no intuition at all. Papers as well as books written past times options professionals on this topic tend to live on dense alongside equations, as well as worse, they seldom focus on the practical side of trading.

That's why I am pleased to acquire that Larry Connors, whose books I savor due to their simplicity of exposition, is presenting his get-go ever quantitative index options trading seminars. Interested traders tin register for his complimentary preview webinars on August ix as well as xv here, or a pre-recorded preview here.

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Speaking of seminars, readers inwards Asia may live on interested to know that my ain workshops on Backtesting as well as Statistical Arbitrage volition live on held inwards Hong Kong on Oct 2-5. The same workshops volition live on held inwards London on Nov 19-22.

(I savor giving those workshops real much, because many of the participants are institutional traders whose cognition as well as points of sentiment are real much at the cutting edge. Past participants include quants as well as traders from, inwards no exceptional order, Goldman Sachs, Morgan Stanley, Royal Bank of Scotland, Bank of America, UBS, Societe Generale, Deutsche Bank, BNP Paribas, JP Morgan, Barclays, Citigroup, Blackrock, as well as diverse other Asian as well as European hedge funds, unloose energy companies, banks, as well as property managers.  I humbly submit that the in-class discussions are sometimes to a greater extent than interesting than my prepared materials.)

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I wrote around fourth dimension agone most those FX brokers or ECNs where algo-traders tin colocate their trading programs to lower latency for a reasonable price. There are besides like options for futures algo-traders. For e.g. Optimus Trading Group provides a marketplace information service called Rithmic which is colocated at the major futures exchanges, as well as traders tin colocate alongside Rithmic to cut down latency. Of course, traders tin besides straight colocate at the novel CME information pump inwards Aurora, IL. I suspect, though, that the cost of the latter pick volition live on considerable.

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Finally, every bit a quant trader, I soundless read macroeconomic analyses occasionally, if exclusively to figure out why around of my strategies of a abrupt start to fail. One website that provides interesting analysis of the unloose energy markets is oilprice.com. In particularly, this interview alongside economical commentator Mike Shedlock is unusually detailed as well as thoughtful.